Casey’s General Stores Inc. (NASDAQ:CASY) has been given an average recommendation of “Buy” by the eleven brokerages that are currently covering the stock. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $136.33.

A number of research analysts recently issued reports on CASY shares. RBC Capital Markets reissued an “outperform” rating and issued a $145.00 price objective (up from $139.00) on shares of Casey’s General Stores in a research note on Saturday, September 3rd. Deutsche Bank AG boosted their target price on shares of Casey’s General Stores from $130.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Casey’s General Stores in a research note on Thursday, September 8th. Barclays PLC began coverage on shares of Casey’s General Stores in a research note on Thursday, September 22nd. They set an “equal weight” rating and a $116.00 target price on the stock. Finally, Jefferies Group set a $137.00 target price on shares of Casey’s General Stores and gave the stock a “hold” rating in a research note on Wednesday, September 7th.

In related news, Director Richard A. Wilkey acquired 340 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were purchased at an average price of $117.80 per share, for a total transaction of $40,052.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $1,767,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its position in shares of Casey’s General Stores by 19.6% in the second quarter. Macquarie Group Ltd. now owns 217,298 shares of the company’s stock valued at $28,577,000 after buying an additional 35,644 shares in the last quarter. Mason Street Advisors LLC bought a new position in shares of Casey’s General Stores during the second quarter valued at $2,342,000. IFP Advisors Inc raised its position in shares of Casey’s General Stores by 3.9% in the second quarter. IFP Advisors Inc now owns 1,321 shares of the company’s stock valued at $174,000 after buying an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Casey’s General Stores by 29.7% in the second quarter. Public Employees Retirement System of Ohio now owns 50,145 shares of the company’s stock valued at $6,595,000 after buying an additional 11,478 shares in the last quarter. Finally, Calvert Investment Management Inc. raised its position in shares of Casey’s General Stores by 5.5% in the second quarter. Calvert Investment Management Inc. now owns 2,978 shares of the company’s stock valued at $392,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Shares of Casey’s General Stores (NASDAQ:CASY) traded down 0.65% during trading on Tuesday, reaching $116.93. The company had a trading volume of 118,587 shares. The firm has a 50 day moving average price of $123.05 and a 200 day moving average price of $121.92. Casey’s General Stores has a 12 month low of $98.80 and a 12 month high of $136.22. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 19.95 and a beta of 0.51.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, September 6th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by $0.11. The firm earned $1.97 billion during the quarter. Casey’s General Stores had a net margin of 3.29% and a return on equity of 21.62%. Casey’s General Stores’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.57 earnings per share. Analysts predict that Casey’s General Stores will post $5.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, October 28th. This represents a $0.96 annualized dividend and a yield of 0.82%. Casey’s General Stores’s payout ratio is 16.38%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

5 Day Chart for NASDAQ:CASY

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